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PENSION AND PROFIT SHARING PLANS (Tables)

12 Months Ended

Mar. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Schedule of Reconciliation of Obligations and Fair Values of Plan Assets

The following table provides a reconciliation of the obligations and fair values of plan assets for all defined benefit plans over the two-year period ended March 31, 2019, and a statement of the funded status as of March 31, 2019 and 2018:

		For the Years Ended March 31,
		2019				2018
		(dollars in thousands)
Reconciliation of Benefit Obligations -
Benefit Obligation at April 1,		$	33,370			$	40,589
Service Cost - Benefits Earned During the Period			399				710
Interest Cost on Projected Benefit Obligation			1,347				1,466
Actuarial (Gain) Loss			(306	)			(4,505	)
Settlement			—				(3,857	)
Benefits Paid			(1,080	)			(1,033	)
Benefit Obligation at March 31,		$	33,730			$	33,370
Reconciliation of Fair Value of Plan Assets -
Fair Value of Plan Assets at April 1,		$	33,412			$	26,410
Actual Return on Plan Assets			2,169				2,805
Employer Contributions			2,040				9,087
Settlement			—				(3,857	)
Benefits Paid			(1,080	)			(1,033	)
Fair Value of Plans at March 31,			36,541				33,412
Funded Status -
Funded Status at March 31,		$	2,811			$	42
Amounts Recognized in the Balance Sheet Consist of -
Other Assets		$	2,811			$	—
Prepaid and Other Assets			—				538
Accrued Benefit Liability			—				(496	)
Accumulated Other Comprehensive Losses:
Net Actuarial Loss			4,346				5,198
Prior Service Cost			19				80
Accumulated Other Comprehensive Losses		$	4,365			$	5,278
Reclassification to Retained Earnings			—				978
Tax impact			(1,049	)			(2,244	)
Accumulated Other Comprehensive Losses, net of tax		$	3,316			$	4,012

Summary of Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets

The table below summarizes the Company’s Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets at March 31, 2019 and 2018:

		March 31,
		2019				2018
		(dollars in thousands)
Projected Benefit Obligation		$	33,730			$	33,370
Accumulated Benefit Obligation		$	33,727			$	33,367
Fair Value of Plan Assets		$	36,541			$	33,412

Components of Net Periodic Cost

Net periodic pension cost for the fiscal years ended March 31, 2019, 2018, and 2017, included the following components:

		For the Years Ended March 31,
		2019				2018				2017
		(dollar in thousands)
Service Cost - Benefits Earned During the Period		$	399			$	710			$	1,001
Interest Cost of Projected Benefit Obligation			1,347				1,466				1,584
Expected Return on Plan Assets			(1,853	)			(2,137	)			(1,606	)
Recognized Net Actuarial Loss			230				566				1,712
Amortization of Prior-Service Cost			61				269				359
Settlement			—				649				—
Net Periodic Pension Cost		$	184			$	1,523			$	3,050

Schedule of Expected Benefit Payments

Expected benefit payments over the next five years, and the following five years under the pension plans are expected to be as follows (dollars in thousands):

Fiscal Years		Total
2020		$	1,411
2021		$	1,515
2022		$	1,602
2023		$	1,657
2024		$	1,702
2025-2029		$	9,702

Schedule of Assumptions Used in Net Periodic Benefit Cost and Benefit Obligations

The following tables set forth the assumptions used in the actuarial calculations of the present value of Net Periodic Benefit Costs and Benefit Obligations:

		March 31,
		2019				2018				2017
Net Periodic Benefit Costs -
Discount Rate			4.12	%			4.03	%			3.83	%
Expected Return on Plan Assets			5.50	%			7.50	%			7.50	%
Rate of Compensation Increase			3.50	%			3.50	%			3.50	%

		March 31,
		2019				2018
Benefit Obligations -
Discount Rate			4.09	%			4.12	%
Rate of Compensation Increase			3.50	%			3.50	%

Schedule of Pension Plans Weighted-Average Asset Allocation and Range of Target Allocation

The pension plans’ approximate weighted-average asset allocation at March 31, 2019 and 2018 and the range of target allocation are as follows:

				Percentage of Plan Assets at March 31,
		Range of Target Allocation		2019				2018
Asset Category -
Equity Securities		10 – 20%			14	%			50	%
Debt Securities		60 – 90%			85	%			47	%
Other		0 – 20%			1	%			3	%
Total					100	%			100	%

Schedule of Fair Values of Defined Benefit Plans

The fair values of our defined benefit plans’ consolidated assets by category as of March 31, 2019 and 2018 were as follows:

		March 31,
		2019				2018
		(dollars in thousands)
Equity Securities		$	4,525			$	16,533
Fixed Income Securities			31,516				15,799
Real Estate Funds			144				163
Commodity Linked Funds			212				213
Cash Equivalents			144				704
Total		$	36,541			$	33,412

Schedule of Fair Values of Defined Benefit Plans Determined Using Fair Value Hierarchy of Inputs

The fair values by category of inputs as of March 31, 2019 were as follows:

		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Asset Categories		(dollars in thousands)
Equity Securities		$	—			$	4,525			$	—			$	4,525
Fixed Income Securities			—				31,516				—				31,516
Real Estate Funds			—				144				—				144
Commodity Linked Funds			—				212				—				212
Cash Equivalents			144				—				—				144
		$	144			$	36,397			$	—			$	36,541

The fair values by category of inputs as of March 31, 2018 were as follows:

		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
Asset Categories		(dollars in thousands)
Equity Securities		$	—			$	16,533			$	—			$	16,533
Fixed Income Securities			—				15,799				—				15,799
Real Estate Funds			—				163				—				163
Commodity Linked Funds			—				213				—				213
Cash Equivalents			704				—				—				704
		$	704			$	32,708			$	—			$	33,412

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